Reorganisation counselling & company reorganisations

According to information from Creditreform, around 32,000 companies filed for bankruptcy in 2010. 80 per cent of these were small businesses with less than five employees. Companies with a workforce of more than 100 accounted for only 0.6 per cent of this total. Insolvency and appearing before an insolvency court represent a critical low point in any company's existence. This must not mean the end of the company concerned, however. A new beginning may be possible by way of a corporate restructuring process. In crisis situations, owners commonly mandate our reorganisation consultants at the behest of banks to undertake corporate restructuring prior to insolvency occurring.

Our reorganisation counselling takes place in four stages:

Analysis of reorganisation capacity: We first assess whether and how a company which is in difficulties can be made competitive once again. The results of this assessment provide the basis for the restructuring concept.

Financial restructuring: The initial emphasis is on improving the liquidity position in the short term. The applicable measures here include the rescheduling of debts, waivers of debts outstanding, the sale of assets, freezing expenditure, capital increases and taking out new loans.

Performance restructuring: Following short-term stabilisation, long-term measures such as cost management, working capital management, reorganisation and improvements to products and marketing take effect..

Performance restructuring: Following short-term stabilisation, long-term measures such as cost management, working capital management, reorganisation and improvements to products and marketing take effect.

Good communications with banks and lenders is also important when reorganising companies. This is one of our core competencies!